Cedar Woods Properties Limited Stock Forecast

Green day on Friday for Cedar Woods Properties Limited stock after gaining 0.459%
(Updated on May 31, 2024)

CWP.AX Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 0.459%. Further rise is indicated until a new top pivot has been found. Cedar Woods Properties Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cedar Woods Properties Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $4.42 and $4.56. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Cedar Woods Properties Limited stock

Cedar Woods Properties Limited finds support from accumulated volume at $4.36 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.110 (2.54%) between high and low. For the last week, the stock has had daily average volatility of 2.47%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CWP.AX) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Cedar Woods Properties Limited to open at $4.38, and during the day (based on 14 day Average True Range), to move between $4.27 and $4.49, which gives a possible trading interval of +/-$0.108 (+/-2.47%) up or down from last closing price. If Cedar Woods Properties Limited takes out the full calculated possible swing range there will be an estimated 4.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $4.36 (0.46%) than the resistance at $4.49 (2.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Cedar Woods Properties Limited stock A Buy?

Cedar Woods Properties Limited holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.646 Sell Candidate Unchanged

Predicted Opening Price for Cedar Woods Properties Limited of Monday, June 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.